Brad Garlinghouse, CEO of Ripple Labs, warned on Tuesday that recent progress on the Digital Asset Market Structure bill in the US Senate does not guarantee the legislation’s success, speculating that the next two weeks will be crucial.
Speaking at the Consensus Crypto Conference in Miami, Garlinghouse said the likelihood of passage of the market structure bill, the CLARITY Act, would “decrease precipitously” if it is not addressed in the next two weeks. According to Ripple’s CEO, the bill would be “too complex an issue” amid campaigns for the 2026 US midterm elections, with primaries running through the November elections.
“Do I think it’s perfect? Hell no,” Garlinghouse said, referring to CLARITY. “I challenge you to show me any piece of legislation that we would call perfect. There are compromises and compromises, but I think clarity is better than chaos.”
Source: Cointelegraph
The CEO’s remarks come after U.S. Senators Thom Tillis and Angela Alsobrooks. announced a compromise on the yield of the stablecoin last week, this could lead to the advancement of the CLARITY Act. The issue of stablecoins, along with tokenization and ethics, has been one of the factors delaying the bill in the Senate since its passage by the United States House of Representatives in July 2025.
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The CLARITY Act, already proposed by the Senate Agriculture Committee during a review in January, also requires approval from the Senate Banking Committee before a full vote. The leaders of Garlinghouse and Ripple have part of the negotiations on the CLARITY Act between White House officials and representatives from the crypto and banking industries.
“The Clarity Act is not a future priority; This is the priority” said Sen. Cynthia Lummis, a ranking member of the Banking Committee, in a Tuesday X article. “All sectors of the industry operate under legal uncertainty that Congress has the power to correct. The Senate must act.”
US financial agencies are already moving forward without Congress
The United States Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) signed a memorandum of understanding in March to coordinate their approach to monitoring the market structure of digital assets. Paul Atkins, President of the SEC said the agency’s approach Crypto laws are a “beginning, not an end,” with the committee awaiting passage of the CLARITY Act.
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